Nokia is trading at €7.30, down 10.98% on October 22, 2026, as Q3 results weakened profit and cash-flow expectations. - Comparable operating profit rose to €605 million; reported operating profit fell 22% year over year to €196 million. - Free-cash-flow conversion outlook fell to 35%–55%; restructuring charges rose to €1.1 billion, citing working-capital investment and accelerated restructuring. - The AI-RAN announcement with NVIDIA was positive prior-day news. Broader technology weakness and risk-off sentiment may add pressure; no trading-volume figure was verified.